Business-to-business transaction processing utilizing electronic payment network

• US 20090063334A1
• Filed: 08/28/2007
• Published: 03/05/2009
• Est. Priority Date: 08/28/2007
• Status: Abandoned Application

• Current Assignee: Visa USA, Inc. (Visa, Inc.)
• Original Assignee: Visa USA, Inc. (Visa, Inc.)
• Inventors: Duncan, Alistair
• Application Number:
  US11/897,142
• Publication Number:
  US 20090063334A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/40 Authorisation, e.g. identification of payer or payee, verification of customer or shop credentials; Review and approval of payers, e.g. check credit lines or negative lists
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

Embodiments in accordance with the present invention relate to methods and systems allowing an electronic payment processing network to be utilized to conduct transactions between businesses (B2B) or other entities. In one embodiment, funds may be transferred between businesses (buyer, seller) through a payment processing network utilizing offsetting credit and debit transactions to an account with a dummy acquirer entity. This payment may be achieved utilizing only conventional message types (request for authorization, settlement) that are expected to be transmitted over the network during the course of a familiar merchant/consumer purchase transaction.

Claims

1. A method of making a payment over an electronic payment processing network, the method comprising:

transferring an amount of funds from an issuer of a payor to an account of a dummy acquirer entity; and

transferring the amount of funds from the account to an issuer of a payee.

2. The method of claim 1 wherein the payor comprises a first business that has purchased goods or services from a second business comprising the payee.

3. The method of claim 1 wherein the payor comprises an individual and the payee comprises a second individual.

4. The method of claim 1 wherein the amount of funds is transferred to the account by,

sending a first request for authorization through the payment processing network to the issuer of the payor,

receiving a first authorization message through the payment processing network from the issuer of the payor,

in response to receipt of the first authorization message, sending a second request for authorization through the payment processing network to the issuer of the payee,

receiving a second authorization message through the payment processing network from the issuer of the payee, and

sending a settlement message through the payment processing network to the issuer of the payor.

5. The method of claim 4 wherein the first request for authorization is sent by a host processing engine in response to a request from the payor.

6. The method of claim 5 wherein the settlement message is automatically generated by the host processing engine in response to receipt of the second authorization message.

7. The method of claim 4 wherein the first request for authorization and the second request for authorization include a 16 digit number uniquely identifying an account of the payor.

8. The method of claim 1 wherein the amount of funds is transferred from the account by sending a settlement message through the payment processing network to the issuer of the payee.

9. The method of claim 8 wherein the request for authorization is automatically generated and sent by a host processing engine in response to receipt of earlier authorization messages received from the issuer of the payor and the issuer of the payee.

10. A host processing engine for use in conjunction with an electronic payment processing network, the host processing engine comprising:

a processor; and

a computer readable storage medium in electronic communication with the processor and having stored thereon code instructing the processor to,

receive from a payor, a request to transfer of an amount of funds from a payor to a payee utilizing an electronic payment network,

in response to receiving the request, send instructions to transfer the amount of funds from an issuer of a payor to an account of a dummy acquirer entity, and

send instructions to transfer the amount of funds from the account of the dummy acquirer entity to an issuer of a payee.

11. The host processing engine of claim 10 wherein the computer readable storage medium includes code stored thereon directing the processor to,

send a first request for authorization through the payment processing network to the issuer of the payor,

receiving a first authorization message through the payment processing network from the issuer of the payor,

in response to receipt of the first authorization message, send a second request for authorization through the payment processing network to the issuer of the payee,

receive a second authorization message through the payment processing network from the issuer of the payee,

in response to receipt of the second authorization message, send a settlement message through the payment processing network instructing transfer of the funds to the account of the dummy acquirer entity;

and

send a settlement message through the payment processing network to account of the dummy acquirer, instructing transfer of the funds to the issuer of the payee.

12. The host processing engine of claim 10 wherein the computer readable storage medium is configured to include in the first request for authorization or the second request for authorization, a 16 digit number uniquely identifying an account of the payor.

13. The host processing engine of claim 10 wherein the computer readable storage medium further includes code stored thereon to establish the account of the dummy acquirer entity, in response to receipt of the request for the transfer of funds.

14. A method of transferring funds over an electronic payment processing network, the method comprising:

conducting a first transaction over the electronic payment processing network debiting an amount from an issuer of a payor and crediting the amount to an account of a dummy acquirer entity; and

then

conducting a second transaction over the electronic payment processing network crediting the amount to an issuer of the payee and debiting the amount from the account of the dummy acquirer entity, wherein the first and second transaction are conducted utilizing only messages of a type employed in the course of a merchant/customer payment.

15. The method of claim 14 wherein the payor comprises a first business that has purchased goods or services from a second business comprising the payee.

16. The method of claim 14 wherein the payor comprises an individual and the payee comprises a second individual.

17. The method of claim 14 wherein the first transaction is conducted by,

sending a first request for authorization through the payment processing network to the issuer of the payor,

receiving a first authorization message through the payment processing network from the issuer of the payor,

in response to receipt of the first authorization message, sending a second request for authorization through the payment processing network to the issuer of the payee,

receiving a second authorization message through the payment processing network from the issuer of the payee, and

sending a settlement message through the payment processing network to the issuer of the payor.

18. The method of claim 17 wherein the second transaction is conducted by sending a second settlement message through the payment processing network to the issuer of the payee.

19. The method of claim 17 wherein the first request for authorization is sent by a host processing engine in response to a request from the payor.

20. The method of claim 17 wherein the first request for authorization and the second request for authorization include a 16 digit number uniquely identifying an account of the payor.